MS HB1257

Authorizes the State Bond Commission to issue up to $1,000,000 in state general obligation bonds to fund infrastructure improvements for the Town of Byhalia, Mississippi.

Bond proceeds shall be used to assist with purchasing, improving, updating, replacing, and repairing sewer and water pumps and systems, public roads, and other infrastructure.

Creates the "2025 Town of Byhalia Infrastructure Improvements Fund" within the State Treasury to receive bond proceeds, with unexpended amounts not lapsing into the General Fund.

Bonds may mature up to 25 years from issuance and cannot be issued after July 1, 2029; any remaining funds after project completion shall be applied to debt service on the bonds.

Full faith and credit of the State of Mississippi is pledged for bond repayment, and bonds are exempt from state taxation.